LIC Axis Bank Signature Credit Card

LIC Axis Bank Signature Credit Card is one of the premium variants on this axis of contention between two very solid players in their respective arenas, Life Insurance Corporation of India (LIC) and Axis Bank. Ideally designed for innumerable modern consumers who are big time travel-savvy or lovers of lifestyle shopping.

Card Type: Visa Signature

Annual Fee: ₹3,000 + GST (First-year fee is waived off)

Joining Fee: Nil

Interest Rate: 3.5% per month (42% per annum)

## Eligibility Criteria

For booking the LIC Axis Bank Signature Credit Card, applicants must fall under the following eligibility criteria:

1. Age: 21-70 years

2. Income: The minimum annual income required is ₹6 lakhs

3. Employment Status: The applicant needs to be either salaried or a self-employed professional.

4. Credit Score: A good credit score, preferably above 750.

5. LIC Policy: Although holding an active LIC policy will increase the chances, it is not a compulsion.

Axis Bank reserves the right to approve or decline applications as per their internal policies concerning credit evaluation.

## Documents Required

Duly submit the following documents for applying to the LIC Axis Bank Signature Credit Card:

1. Proof of Identity (any one):

   PAN Card-mandatory

   Aadhaar Card

– Passport

   – Voter’s ID

2. Address Proof (any one):

   – Aadhaar Card

   – Passport

   – Driving License

   – Utility Bill not older than 3 months

3. Income Proof:

   – For Salaried Individuals:

     – Latest 3 months’ salary slips

Form 16 or Income Tax Return (ITR) for the last financial year

  – In the case of Self-Employed Professionals:

      – Income Tax Returns for the last 2 financial years

      – Business registration proof

4. Photograph:

   – Recent passport-sized color photograph

5. LIC Policy Details: (if any)

   – LIC Policy Number

– Premium Payment Receipt

Note: Axis Bank may request any additional documents, if necessary, for verification purposes.

## Card Features & Benefits

Avail host of features and benefits with the LIC Axis Bank Signature Credit Card, crafted to upgrade your lifestyle & give you value for money spent on it:

1. Welcome Benefits:

   – 10,000 bonus reward points on payment of first-year annual fees

Complimentary Domestic Airport Lounge access, 2 per quarter

2. Rewards Program:

   – 5 Reward Points on every ₹100 spent on LIC premium payment, Travel and Dining

   – 3 Reward Points for every ₹100 spent on all other categories

   – Redemption of accumulated points as selected merchandise, gift vouchers, or travel bookings

3. Travel Benefits:

– Jet_ Privilege Titanium – add-on card

   – Fee: ₹7,500 (One-time)

   – Complimentary Priority Pass membership

   – 2 complimentary international airport lounge visits per year

   – ₹50 lakhs travel insurance

   – 1% fuel surcharge waiver at all petrol pumps (min ₹400, max ₹.4,000) -per month

4. Lifestyle Benefits:

   – Buy 1 Get 1 free movie ticket on BookMyShow (2 tickets per month)

Complimentary Golf Games in selected courses across India-2 per quarter. Dining Privileges up to 20% Savings at Partner Restaurants. 5. Insurance Benefits: Credit shield insurance up to ₹9 lakhs; Air accident cover of ₹1 crore; Lost card liability coverage up to ₹5 lakhs 6. LIC-Specific Benefits:

– 5% cashback on LIC premium payment, up to ₹5,000 annually

   – Priority servicing at select branches of LIC

   – Special discounts at the time of purchasing a new LIC policy

7. Financial Benefits:

   – Revolving credit of up to 50 days, absolutely interest-free

   – Convert large purchases into easy monthly installments through EMI conversion facility

   – Balance transfer of other credit cards

8. Digital Features:

Contactless payment technology

Virtual card for secure online transactions

Real-time transaction alerts and spending analysis

## Description of Card

In this respect, the LIC Axis Bank Signature Credit Card is a high-end financial product which brings together the trusted legacy of LIC and the innovative banking services of Axis Bank, seamlessly. This co-branded credit card has been designed to cater to the needs of customers who look for value and prestige within a portfolio of financial instruments.

Aesthetically, the card looks elite; it has the LIC logo placed alongside the Axis Bank branding. The metallic finish and the Visa Signature hologram make it really stand out in a pocket. More than being a great design, this card reflects financial prudence and a certain lifestyle.

In its very core, this is a credit card that returns handsome rewards on your spending habits. It ensures your regular expenses on LIC premium payments, travel, and dining are paid off handsomely with accelerated reward points. The flexibility of redemption across a wide spectrum-from merchandise to travel bookings-only adds to the appeal of this card.

To the frequent traveler, the LIC Axis Bank Signature Credit Card is little less than a companion. Free lounge access, both domestic and international, ensures your journey starts off on a relaxed note. Extensive travel insurance cover offers a lot of peace of mind, while the waiver of fuel surcharge makes road trips reasonably economical.

Living next are entertainment and lifestyle privileges. From movie ticket offers to wining and dining in gourmet restaurants, this card ensures that clients are given the categorical form of luxury in their own recreation. Golf privileges, on the other hand, ensure cardholders playing rights in exclusive clubs with some of the best courses the country can offer.

It adds another layer of convenience and savings for the policyholder of LIC. It contains a cashback on the premium payment and priority service at the LIC branches to bring a lot into value. It is not just a credit card; it is a tool that has now been a part of your financial planning.

Digital features of the card: It comes with features to suit the modern consumer who wants security and comfort. Contactless payment, virtual cards for online transactions, and real-time alerts will put you in control of your spending.

While there are many benefits to the card, these do come at a price. While not overly expensive compared to standard credit cards, there is an annual fee that is required each year-after the first year is waived. In any case, for individuals who are able to maximize the benefits of the card, the value derived often outweighs the cost.

In a nutshell, LIC Axis Bank Signature Credit Card is not only a bill pay enabler but a lifestyle enabler that rewards your spends, upgrades your travel experience, and complements your overall financial relationship with LIC. This is the compelling proposition in an otherwise crowded credit card market for a discerning customer in search of rewards, convenience, and prestige all on one card.